underwriting

Thought for Today – 09.18.11

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New Economic Perspectives: William Black: Why Nobody Went to Jail During the Credit Crisis

We have known for centuries, that if you don’t underwrite loans, or if you don’t underwrite insurance, you’ll get something called “adverse selection”.

This interview answers the question of why nobody went to jail for our recent financial crisis.

For this underwriter, it’s all about prudent underwriting and strong internal controls.

Scary Chart of the Day – 9/15/11

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EconomPic: The Evolution of Food Consumption

While not a surprise, this is rather concerning. I recently outlined that bottom earners have been earning less for the better part of the past 15+ years and it looks like it may be actually impacting the dietary habits of Americans (i.e. eating less [unlikely] or eating cheap / unhealthy food [likely]).

The crossover point in 1999-2000 is what fascinates me.

I was relaxing, catching up with the news when I realized I hadn’t posted a Scary Chart in quite some time.  Then, I saw this chart.  The quote above is from the author of the chart, not me.  Interesting, eh?

Life Underwriting Manager – Singapore

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This was posted to a LinkedIn group.

We are looking for a Life Underwriting Manager with at least 7-10 years of experience.

The position is based in Singapore and this will be a fantastic opportunity to work for a very established insurer. Interested candidates please email your details and updated CV to m.chen@huxley.com or call +65 6572 4500 for a discussion.

Richard Lehman’s Journal Review – August 2011

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BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 8 August 2011

BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 15 August 2011

BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 23 August 2011

BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 30 August 2011

I recently shocked an audience of young doctors by stating that my chance at 61 of having localised prostate cancer stood at about 25%. Since then I have looked at various sources (including Overdiagnosed) and found that according to one study of prostates examined histologically after traumatic death, the true figure may be 60%. So if a urologist decided to do some transrectal biopsies on me and hit the right/wrong spot, I might well have a cancer diagnosis. So what would then be the best nonsurgical management strategy – leave alone, local radiotherapy (brachytherapy), or external beam radiotherapy? The conclusion of this systematic review of different modes of radiotherapy for localised prostate cancer is that nobody actually knows. A most reassuring fact to share with your patients.

The War to Our South – 8/27/11

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BBC News – Mexico drugs crisis: Monterrey shocked by casino attack

The attack was a bold move by the gangs. It happened in broad daylight, was aimed at civilians and took place in the heart of the city.

BTW, the last travel warning for Mexico from the US State Department is dated 4/22/11 or approximately 5,000 corpses ago.  One of the world’s largest life reinsurance company’s manual still maintains a Standard rating for Mexico.

Well, OK then.